best stock on the asx, page-19

At the moment I would want something better that a 10% return on any investment in the share-market. Remember that there was people talking about how good the dividend is when banks were 20% higher. No point going on about a 10% dividend if you are coping a 20% capital loss.

I like the look of some fixed income debentures. I think for a steady 10% return a BHP convertible note pays a 10% return and is a BETTER OPTION. You get a guaranteed return and then you can convert them into shares at certain exercise prices if you choose.


Like I said I think that the Aussie financials have been sold down too much because of pour sentiment from overseas.... but I wouldn't be investing just because their is a good dividend on offer.